• Members 9 posts
    May 31, 2020, 8:45 p.m.

    One of my income streams is a paid newsletter, currently hosted on Substack. The newsletter has around 60 paid subscribers bringing me $5/month each. I've been writing my newsletter for a few years now, mostly as a way to stay on top of my niche (indie game development). One of my friends told me to start hosting my newsletter on Substack and start making some money on it. Why not, make some side income while doing something I'll be doing anyway.

    These last few months I've noticed a pretty good increase in the number of paid subscribers on my newsletter. It's been awesome! I have a few friends who are also starting paid newsletters after seeing my small success.

    What does everyone think about paid newsletters?

  • Members 8 posts
    June 1, 2020, 10:21 p.m.

    I don't personally have any experience as a creator/subscriber of paid newsletters, but I have noticed a large increase in Substack newsletters across various online communities I'm a member of. It appears to be the best option for creating a paid newsletter and I'm unaware of any competitors that have the same features.

    I'm even considering creating my own paid newsletter and seeing if it can become profitable.

  • June 2, 2020, 5:04 p.m.

    @jacob that's awesome! I really believe paid newsletters are a great way to start quickly building an indie income while writing about something you know and love. With a $5/month subscription, you could easily make $200-$400/month. It'll add to your indie stack while also diversifying your income.

  • Members 11 posts
    June 27, 2020, 4:39 a.m.

    Almost a month back, I tried building a newsletter around Substack. I was just publishing my blog posts there, it wasn't any that specific. I shutted it down because I found it difficult to raise audience for it. I think it is better if you have a specific niche based newsletter.

  • June 27, 2020, 6:24 a.m.

    @vaibhav oh yeah I totally agree. From what I've seen as well. The more niche the easier it is to find the audience and also easier for them to sign up. Was your newsletter just general blog stuff you write about? If you were to create a niche newsletter, what niche would it be in?

  • Members 11 posts
    June 28, 2020, 3:04 a.m.

    On my personal blog, I write about Technology, Psychology 🧠 and Lifestyle. So, a mix of all of that was my niche. If I were to start a newsletter, I would go with them only because I have knowledge of that and I enjoy writing about them.

  • June 28, 2020, 7:55 a.m.

    @vaibhav I think that's a great niche to write it. One problem I see is that how would you find people who're interested in all three of those topics?

  • Members 11 posts
    July 2, 2020, 9:03 a.m.

    Yes, I can relate to that issue as well but to combat that, I am trying to combine them together. For example, I am writing and explaining about how psychology is involved in technology and vice-versa.

  • Members 6 posts
    July 2, 2020, 11:23 a.m.

    Combining tech and psychology sounds great. I think there are enough people to serve. I come from a software dev background and am moving into the mindfulness space. I started to combine those two but don't feel I got enough traction with developers as an audience so I started to pivot to thinkers and more rational thinking people in general. And suddenly I start to attract more people.

    Personally, I'd stick to the intersection of two things only. But that might be a personal preference.

  • July 2, 2020, 11:46 a.m.

    @azarai that's a really good point you brought up. Small pivots in the audience and content could give you much better audience to target. When did you decide to switch to more general rational thinking people? Was there a certain point you're like this isn't working for my current audience?

  • Members 9 posts
    July 2, 2020, 11:59 a.m.

    Thanks for the advice. I'll be keeping up with my current niche and growing it. I'm going to start marketing harder too.

  • Members 6 posts
    July 3, 2020, 5:23 a.m.

    I worked for a long time as a developer and wanted to combine the mindfulness/mental stuff with developers. So, I tested the waters with 3 small magazine issues. Got a bit of traction and published 4 more issues. But attraction them at developer places felt hard. Too many of them are like me in the early years. Only interested in tech stuff and nothing else. The latest fancy framework does get more attention than something about brain and mindfulness stuff.

    In autumn 2019 I did some experiments towards the general meditation/mindfulness world but knew I had to add a twist to not look like the other trillions of blogs in that space. As they're mostly emotional laden, but I am thinker - rational person - and many devs are too but there are more outside the dev world too, I pivoted.

    Now I am pushing out products towards the thinkers but still appealing enough for others interested in mindfulness. Unfortunately, "thinkers" is nothing you can target in ads or so. At leat I haven't found that out yet.

  • July 3, 2020, 7:35 a.m.

    @azarai thanks for the explanation. That's pretty sound reasoning. Have you tried targeting another niche? Rational Thinking for the philosophy niche, etc?